Kristina Slattery
Kristina Slattery
Business Development

Kentucky Cabinet for Economic Development

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Kentucky Small Business Credit Initiative (KSBCI)

Kentucky Lenders - here’s your chance to say "YES!" to more loan volume.

Lenders can take advantage of a program that’s already providing a powerful spark to grow businesses and create jobs.

The Kentucky Small Business Credit Initiative (KSBCI) enables lenders to finance creditworthy small business credit requests that fall just outside of normal underwriting standards.

Thanks to the U.S. Treasury Department, the Kentucky Cabinet for Economic Development’s Office of Entrepreneurship can provide funding that will reduce the risk participating lenders, credit unions, and community development financial institutions assume when making loans.

The bottom line is this: Kentucky provides a credit enhancement, increasing your ability to underwrite the loan and you assume less risk.

Imagine how many more loans can be approved if the borrower’s credit is enhanced through this program. One of those loans could result in Kentucky’s next successful business, creating jobs and more opportunities for Kentuckians. In addition, loans made through this program may be eligible to receive Community Reinvestment Act (CRA) consideration. Dozens of Kentucky lenders already participate. You can, too.

How do lenders enroll?

Only approved lenders can participate in the KSBCI program. For more information about becoming an approved lender, please visit the KSBCI Lender Resource Page or contact the Cabinet for Economic Development at 800-626-2930.

Are you an entrepreneur seeking financing?

You must go through a participating lender. Contact a participating lender to start the process.

For assistance in translating the KSBCI pages to another language, please visit this suggested site: Para ayuda traduciendo las páginas web de KSBCI a otro idioma, por favor visite este sitio web sugerido: Google Translate

NOTICE: The Kentucky Cabinet for Economic Development’s services, assistance and activities are available to all without regard to race, color, gender or national origin and it is in compliance with Title VI of the Civil Rights Act of 1964.

Links to additional information can be found below.

Additional facts about KSBCI
Current list of participating lenders
Other Cabinet for Economic Development Incentives & Financial Programs
Do Business In KY